Technology, Data & Software Companies

Tech Company Insurance & Risk Management

Does your insurance program match the promises your company makes to customers?

For technology firms, rapid growth outpaces standard coverage quickly. You need a risk strategy that closely aligns with your service level agreements, intellectual property, and the high-stakes data you manage.

Services vs. Liabilities

Mind the gap between your SLA and your insurance policy.

The core of a technology firm’s risk profile lies in the relationship between contractual obligations, the actual services delivered, and how the insurance coverage responds when those services fail or are delayed.

1. Contractual Obligations

Ensure your policies mirror the exact indemnification clauses and liability limits you agree to in client contracts and Master Service Agreements (MSAs).

2. Services Delivered

Verify that your specific technology services—whether SaaS, hardware installation, or IT consulting—are explicitly defined and covered by your underwriter.

3. Insurance Coverage

Eliminate ambiguous exclusions that might nullify coverage when a client suffers financial harm due to your platform's downtime or a software glitch.

4. Organizational Governance

Protect the personal assets of your directors and officers who can be held personally liable for the organization's decisions.